Recap: Sinclair Broadcast Group Q1 Earnings

Sinclair Broadcast Group SBGI reported its Q1 earnings results on Wednesday, May 4, 2022 at 07:30 AM.

Here's what investors need to know about the announcement.

Sinclair Broadcast Group beat estimated earnings by 134.58%, reporting an EPS of $0.37 versus an estimate of $-1.07.

Revenue was down $223.00 million from the same period last year.

Last quarter the company missed on EPS by $1.04 which was followed by a 2.13% increase in the share price the next day.

Here's a look at Sinclair Broadcast Group's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.05	-0.86	-4.47	-1.98
EPS Actual	-0.99	0.52	-4.02	0.18
Revenue Estimate	1.56B	1.58B	1.59B	1.48B
Revenue Actual	1.48B	1.53B	1.61B	1.51B

To track all earnings releases for Sinclair Broadcast Group visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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